Retrospect Backup is backup software for businesses and small organisations. It protects Windows PCs and servers, Macs and virtual machines (VMware and Hyper-V), and comes in editions ranging from single systems to multi-server environments. Users choose where backups are stored: local disks, a NAS or tape hardware, Retrospect Cloud Storage or one of other cloud storage services that Retrospect supports. The software is installed and run by the customer; the product has existed since 1989.
Retrospect is headquartered in Sunnyvale, California, and according to its own website has been a subsidiary of the US company StorCentric, parent of Drobo and Nexsan, since June 2019. It therefore falls under US jurisdiction. Because backup data lands on storage the customer selects, that choice determines where the data resides: if you pick storage in the EU, the data stays there. Retrospect's website does not state a location for Retrospect Cloud Storage and does not offer a data processing agreement, so ask for confirmation where this matters.